3/22/2021, 8:05 PM (Source: TeleTrader)
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Nasdaq gains over 290 points on tech rise

The United States' major stock markets experienced gains intraday on Monday with tech shares rapidly going up. Nasdaq jumped over 290 points, led by Tesla advancing by 5.77%.

Semiconductor company ASML was Nasdaq's second top performer advancing 5.35% as the chip industry continues to suffer from shortages, especially after Japanese Renesas Electronics reported the global impact of a fire on one of its semiconductor manufacturing plants.

The Dow Jones Industrial Average index gained 0.53%, while Nasdaq grew by 2.24%. The S&P 500 was 1.05% in the green at 3:05 pm ET. The euro increased by 0.29% against the dollar trading for $1.19385 at the same hour.

Baha Breaking News (BBN) / LH